In reference to the CMA announcement to suspend the license granted to The Investor Company For Securities to conduct Dealing as Principal, Investment Fund Management, Discretionary Portfolio Management, Arranging, Advising and Custody activities in the securities business.

The CMA Board of Commissioners issued its resolution to cancel the license granted to The Investor Company For Securities to conduct Dealing as Principal, Investment Fund Management, Discretionary Portfolio Management, Arranging, Advising and Custody activities in the securities business due to not fulfilling the "fit and proper requirements" to carry out securities business.